Capacity Market
As FERC considers changes in its merger policy, panelists at the Energy Bar Association (EBA) discussed the pros and cons of adding tests to determine market power.
A recent MISO study slightly overestimated actual capacity offers in the 2018/19 Planning Resource Auction.
Industry stakeholders gathered in Albany for the Independent Power Producers of New York (IPPNY) Spring Conference for an update on the rapid changes in the state's grid.
FERC has signaled that it’s done dealing with PJM’s concerns about market participants selling “paper capacity” to arbitrage price differences between the Base Residual and Incremental auctions.
PJM’s Market Implementation Committee approved manual revisions reducing the number of virtual bidding locations by almost 90%.
The PJM Operating Committee unanimously approved revisions to Manual 14D to tighten the notification rules for transferring the ownership of generation units.
FERC denied Bayonne Energy Center a waiver of several NYISO Tariff provisions, which the plant said it needed to enter the ISO’s June capacity auction.
The MISO Reliability Subcommittee’s resource availability and need effort could revive a discussion on developing a capacity market divided by season.
Comments on PJM’s “jump ball” proposals for protecting the capacity market from subsidized resources were almost uniformly negative.
FERC Commissioner Robert Powelson said that he sees an “erosion of confidence” in RTO stakeholder processes.
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